Often paired with a major such as mathematics, applied mathematics, finance, economics or computer science, the Actuarial Science minor works in tandem with various disciplines to prepare students for careers as professional actuaries. In this program, determined students learn how to synthesize complex data, conduct quantitative analyses and advance their skills in risk management. With courses taught by actuaries with real-world professional experience, one-on-one career mentorship and practical preparation for licensing exams, students with an Actuarial Science minor from SVSU defy limits and excel in this expansive and thriving field.
Actuarial Science Minor
About
With a minor in Actuarial Science at SVSU, students work closely with experienced faculty to develop the grit, determination and analytical skills that it takes to excel in the world of business and mathematics. In this program, hard-working cardinals establish the tools they need to advance their proficiency in data analytics and risk management, and are highly prepared for careers as professional actuaries at insurance companies, consulting agencies, financial firms and government offices. With devoted professors who possess real-world actuarial experience, challenging courses designed to expose students to hands-on work scenarios and expansive undergraduate research opportunities, SVSU provides students with an exclusive competitive advantage in this dynamic and rigorous field.
Cardinal Points
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The SVSU Department of Mathematical Sciences offers students the opportunity to conduct undergraduate research specific to actuarial science with the benefit of financial support.
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SVSU Actuarial Science students have excelled at internships with a range of companies including Auto-Owners Insurance, Northwestern Mutual and Quicken Loans.
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48% of Actuarial Science students taking their actuarial exams pass while at SVSU—this exceeds the national average.
Highlighted Courses
Year 1
Year 2
Year 3
Year 4
Key Electives
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Programs
Majors
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Complimentary Minors/Majors
Beyond The Books
Student Research
Students have opportunities to conduct research alongside faculty, which includes presenting their findings at local, regional and national conferences.
Math Competition
Students have the opportunity to participate in Math Club, as well as state and national level math competitions.
Outreach Activities
Students have the opportunity to be involved with several outreach activities with local middle and high schools that are supported and organized by the department. They are also able to attend a variety of speaker presentations and social activities.
Our Students After Graduation...
Employers
Auto-Owners Insurance
Northwestern Mutual
Ally Financial
Quicken Loans
Gateway Financial Solutions
Career Opportunities
Actuary
Financial Advisor
Data Analyst
Statistician
- 20% projected growth for employment of actuaries. (U.S. Dept. of Labor, Bureau of Labor Statistics)
- $102,880 is the median yearly pay for an actuary in the U.S. (U.S. Dept. of Labor, Bureau of Labor Statistics)
- With a minor in Actuarial Science from SVSU, students are prepared for careers as professional actuaries at insurance companies, consulting firms, banks and other financial institutions, and the public sector. Graduates also work as senior executives for insurance companies with specializations in property, casualty, life and health insurance.
Fully integrated into social networks, SVSU Connect is a valuable networking space dedicated to the community of SVSU students, faculty and alumni which cultivates a culture of helping and giving back. In addition to connecting with each other, students at all points along their journey can reach out to alumni mentors for guidance and insight into making the most of their SVSU experience and successfully transitioning into life after graduation.